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Insurance Companies News

PSU Salary hike

16 Oct 2022

Govt announces to raise 12% salary of employees of four public Insurance comp

Central Govt hikes salary of employees of four general insurance companies. They will get 5 year arrear and salary hike has been effective from August 1, 2017. Retired employees will also get the benefit.

Insurance Companies

04 Dec 2020

COVID-19 impact: Insurance companies will pay your EMIs in case of job loss

Now, insurance companies will pay your EMIs in case of job loss Leading insurers have come up with job loss insurance products to provide affordable cover to Indians on losing income

Insurance Companies

19 Aug 2020

Centre allows 24 insurance companies to sell policy through Aadhaar

The government has allowed 24 insurance companies to sell their policy after collecting Aadhaar card details of the buyers The move is understood to aim at checking the laundering of funds into insurance firms and shell companies The decision is likely to help these insurance companies to perform in real-time and do e-KYC. This would also reduce the cost of transaction

05 Mar 2020

IRDAI asks insurance companies to settle claims of coronavirus patients

Insurance regulatory authority IRDAI has issued guidelines following the outbreak of coronavirus, asking insurance firms to expeditiously settle hospitalisation claims related to the disease under health policies.

11 Apr 2019

Irdai asks insurers to share status of claims with policyholders from July 1

Irdai also asked insurers -- life, health and general -- to send all communication about issuance and servicing of policies through letter, e-mail, SMS or any other electronic form approved by it.

Insurance Companies

05 Apr 2018

Government rejects Insurers' demand for premium hike

PM Narendra Modi had launched the PMJJBY and PMSBY in March 2015.

Insurance Companies

30 Dec 2017

Insurance cos to focus on IPOs, consolidation in 2018

The insurance industry is witnessing growth and is projected to have great times in the years to come.

14 Jun 2017

Cabinet approves proposal for bill to deal with bankruptcy in financial sector

The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.

domestic institutional investors

06 Jun 2017

DIIs remain bullish on equities; pour in Rs 4,500 crore in May

Continuing with their bullish stance on India for the second month, domestic institutional investors (DIIs) pumped in more than Rs 4,500 crore in equity markets in May.

FDI in insurance broking

21 Mar 2017

Govt considering 100% FDI in insurance broking

The government is considering allowing 100 percent foreign direct investment in insurance broking with a view to giving a boost to the sector and attracting more funds.

Insurance Companies

09 Mar 2017

Insurers may offer discounts to customers via e-commerce sale

Insurance companies may offer discounts to customers if their policies are sold through e-commerce websites, Irdai said Thursday.

02 Feb 2017

Govt looks to raise Rs 11,000 crore from listing of insurers

Government plans to divest Rs 11,000 crore worth of stake in PSU general insurance companies to meet the steep disinvestment target of Rs 72,500 crore next fiscal.

Insurance Companies

19 Jan 2017

Cabinet approves listing of 5 public sector general insurance companies

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi on Wednesday gave its ‘in principle’ approval for listing of five public sector general insurance companies in the stock exchanges.

31 Oct 2016

Non-life insurance premium soars 86% in September to Rs 14,950 crore

Of the total premium underwritten by non-life insurance companies during the month, public insurers garnered Rs 9,164.10 crore while private players took a combined Rs 5,785.90 crore, according to Insurance Regulatory and Development Authority of India (Irdai) data.

Indian Railways

02 Sep 2016

More than 4 lakh train passengers opt for insurance cover

A day after the train travel insurance facility was launched, more than 4 lakh passengers have opted for the scheme till this evening making the passenger-friendly initiative a hit.

Insurance Companies

12 Aug 2016

'Insurers will have to deal with more taxes in GST regime'

Insurance companies will potentially have to deal with more taxes once the GST is implemented with the emergence of the Centre and states as dual stakeholders.

Finance Minister

03 Jul 2016

Finance Ministry to issue Cabinet note on listing of PSU insurers soon

Finance Ministry is all set to issue a draft Cabinet note on listing of public sector insurance companies. This development comes in line with the announcements made in the budget.

01 Apr 2016

Irdai ask insurers for compliance details on Ombudsman orders

Taking note of delay by insurers in implementing orders and awards of Ombudsmen, insurance regulator Irdai today directed companies to furnish details of cases pending for compliance for the last three years.

29 Feb 2016

FM Jaitley proposes listing of PSU general insurance companies

Finance Minister Arun Jaitley Monday proposed listing of four wholly-owned PSU general insurance companies.

Insurance Companies

25 Nov 2015

Insurance Companies Planning To Tie Up With Payment Banks To Increase Insurance Penetration

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